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(NAR) VOL. 10 NO. 3 / JULY - SEPTEMBER 1999

[ BSP CIRCULAR NO. 1324, January 29, 1992 ]

INTEREST RATE ON FOREIGN CURRENCY DEPOSIT OF THRIFT BANKS, DEVELOPMENT BANK OF THE PHILIPPINES AND ASSOCIATED BANK WITH THE CENTRAL BANK IN COMPLIANCE WITH THE 15% RESERVE REQUIREMENT FOR FOREIGN CURRENCY DEPOSIT LIABILITIES



The applicable interest rate on foreign currency deposits of thrift banks, Development Bank of the Philippines and Associated Bank with the Central Bank in compliance with the 15% reserve requirement for foreign currency deposit liabilities, as provided under Circular-Letter dated 28 August 1990 as per M.B. Resolution No. 850 dated 20 August 1990, is hereby adjusted from 4% p.a. to 2-1/2% p.a.

This Circular shall take effect on 31 January 1992.

Adopted: 29 Jan. 1992

(SGD.) JOSE L. CUISIA, JR.
Governor
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